Market Cap (Mcap): ₹1,148 Cr
Current Market Price (CMP): ₹639
52-Week High/Low: ₹674.95/₹229.00
PB Ratio: 4.98 | Debt to Equity Ratio: 0.73
Technical Analysis:
Bollinger Bands Breakout Strategy:
Historically, upward breakouts from the upper Bollinger Band followed by crossing below the middle band have shown momentum.
Current scenario: Breaking above the upper Bollinger Band.
Trading Strategy:
Buy Strategy:
Entry Price Range: ₹565 - ₹572
Stop-loss Range: ₹504 - ₹520
Target Price Range: ₹629 - ₹639
Buy only below the middle Bollinger Band and close to the lower Bollinger Band.
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical analysis and market conditions, subject to change.
Always consider your risk tolerance, financial goals, and market conditions before making any investment decisions. Trading based on historical patterns involves uncertainty, and past performance may not guarantee future results.
Current Market Price (CMP): ₹639
52-Week High/Low: ₹674.95/₹229.00
PB Ratio: 4.98 | Debt to Equity Ratio: 0.73
Technical Analysis:
Bollinger Bands Breakout Strategy:
Historically, upward breakouts from the upper Bollinger Band followed by crossing below the middle band have shown momentum.
Current scenario: Breaking above the upper Bollinger Band.
Trading Strategy:
Buy Strategy:
Entry Price Range: ₹565 - ₹572
Stop-loss Range: ₹504 - ₹520
Target Price Range: ₹629 - ₹639
Buy only below the middle Bollinger Band and close to the lower Bollinger Band.
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical analysis and market conditions, subject to change.
Always consider your risk tolerance, financial goals, and market conditions before making any investment decisions. Trading based on historical patterns involves uncertainty, and past performance may not guarantee future results.